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CUDOS Stock

CUDOS

CUDOS

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CUDOS Whitepaper

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Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
Binance.USCUDOS/USDT0.0181.23293,197.460.05cex539.48
Gate.ioCUDOS/USDT0.01211.22224.2500cex138
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CUDOS FAQ

What is CUDOS? CUDOS is a blockchain platform designed to provide decentralized cloud computing services. By leveraging blockchain technology, CUDOS aims to create a more efficient and secure environment for cloud computing, supporting distributed applications and services. To facilitate these services, CUDOS offers a native cryptocurrency, also named CUDOS, which functions as the primary medium of exchange within the platform. Users can engage with various services and pay for computational resources using this token. CUDOS stands out by integrating cloud and blockchain, providing cost-effective solutions while maintaining high levels of trust and reliability. For further insights and detailed information, you can find more resources on Eulerpool.

CUDOS is a decentralized blockchain-based network that offers access to sustainable and highly scalable distributed cloud computing resources for Web3 natives and enterprises. It is designed for those needing GPU-optimized and general computing virtual machines to support their dApps and AI workloads. The CUDOS blockchain was introduced in 2022, following years of dedicated development focused on integrating blockchain and cloud technologies. As a proof-of-stake layer 1 network built on the Cosmos ecosystem, CUDOS aims to become the primary computational layer for all major blockchains. Additionally, it provides a cost-effective, fast transaction network for dApps specifically built on the CUDOS blockchain. The network is entirely carbon-neutral and employs the Tendermint and IBC protocols to enhance governance and interoperability. The applications of CUDOS include AI, digital twinning, the metaverse, tokenization of real-world assets, and Web3 node infrastructure.

What issue does CUDOS tackle?

In the blockchain domain, scalability frequently incurs significant costs, and developers are often deprived of direct access to general and high-performance computing resources. CUDOS tackles this issue by offering a highly scalable Layer 1 and compute oracle solution. This advancement effortlessly integrates sustainable on-chain and off-chain infrastructure with the network via smart contracts and APIs.

What is the team behind CUDOS composed of?

CUDOS was developed by the team that founded CUDO Ventures in 2017, led by CEO Matt Hawkins, who has received numerous entrepreneur awards for his earlier successful tech ventures. The team possesses substantial expertise in cloud and blockchain technologies, having previously established and successfully exited the UK's largest privately owned data center and cloud aggregation business. Their vision is to foster a more sustainable cloud and blockchain model that is accessible to the rapidly expanding web3 developer community. The advisory board includes notable individuals such as David Juxon, former Managing Director of Bank of America; Chris Deering, former President of Sony Entertainment (PlayStation); Joerg Roskowetz, Director of Blockchain for AMD; and Maggie Fang, an early investor in Uber and Alibaba. For detailed insights and data on CUDOS, visit Eulerpool.

What distinguishes CUDOS?

CUDOS provides developers with the necessary tools, ecosystem, and interoperability to create, publish, and manage their dApps and tokens. Whether your goal is to tokenize a sustainable real-world asset or power the neural network supporting your DeFi application, CUDOS delivers an ultra-scalable, cost-effective, high-throughput network with both cross-chain and multi-chain functionalities. CUDOS takes pride in being 100% carbon neutral. For further details, visit Eulerpool.

What measures are in place to ensure the security of the CUDOS network?

The CUDOS Network employs the Byzantine Fault Tolerant Bonded Proof of Stake mechanism, as implemented in the Cosmos SDK, recognized as Tendermint Core, which functions as its consensus engine. Validators in the CUDOS network stake a predetermined amount of CUDOS to securely and reliably earn transaction validation fees. This security strategy is strengthened by the utilization of the Cosmos SDK's staking, slashing, and governance modules. These modules incentivize a minimum of 95% uptime and promptly identify and remove validators that engage in double-signing or other known malicious behaviors.

Who are the key partners of CUDOS?

CUDOS has established partnerships with distinguished and reputable entities within the blockchain and enterprise computing sectors. These collaborations include engagements with AMD, Elrond, Fetch.ai, Ferrum Network, and the Kyoto Protocol. Significant strategic supporters encompass Outlier Ventures (OV), Animoca Brands, Protocol Labs, and Borderless Capital.

What is the current circulation supply of CUDOS coins?

The total supply of CUDOS tokens is limited to 10 billion, with distribution occurring over a 10-year period, beginning on January 11, 2021. This allocation of 10 billion CUDOS tokens is distributed across various categories, including: - 34% for Ecosystem & Community Development - 33.78% set aside as a Reserve - 20% designated for the Team (released in 2% increments for each of the 10 predetermined milestones) - 5% allocated to Advisors - 7.22% allocated to presale token holders Regarding fund allocation, the breakdown is as follows: - 30% for Research & Product Development - 10% for Administration & Operations - 20% earmarked for Marketing - 10% dedicated to CUDOS Validator Nodes (CVN) - 13% allocated for User Acquisition - 10% directed towards Community Engagement - 7% reserved as Contingency.

Where can you purchase CUDOS?

As of the current date, exchanges that facilitate trading of the CUDOS native token include Ascendex and Osmosis Frontier. Trading of the CUDOS ERC20 token is available on platforms such as Binance US, Ascendex, KuCoin, Gate.io, Uniswap, Bittrex, Poloniex, CoinField, Liquid, among others, as detailed on Eulerpool.

Investors interested in CUDOS are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.